Toronto-based Capital International Asset Management (Canada), Inc. has launched a globally diversified equity income portfolio, the investment manager and subsidiary of Los Angeles-based Capital Group, announced Wednesday.
Capital Group Capital Income Builder (Canada) is designed for investors seeking growing income and lower volatility, the company says in a news release.
“What makes Capital Income Builder different is that we really do start the investment process with the dividend,” Jim Lovelace, principal investment officer and portfolio manager, says in a statement. “We focus on dividends and growth of dividends. The fund’s quiet dependability may be one of its greatest achievements.”
In the U.S., “Capital Income Builder has provided investors with an endowment-like experience: a steady stream of growing income, plus downside protection,” Mark Tiffin, president of Capital International Asset Management (Canada), says in a statement. “Now, the strategy — supported by the same investment team — is available to Canadian investors.”
Capital Income Builder “applies a stringent eligibility process to evaluate companies that pay a dividend and have the potential to grow that dividend over time,” and makes fundamental research a core focus.
Capital Income Builder’s 12 portfolio managers have a median of 28 years of investment experience, Capital Group says, and use a proprietary approach to investment management called The Capital System, in which each portfolio manager invests a portion of the assets independently, with another portion managed by a group of investment analysts.